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20121213
20121213
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of america shared in that growth. by making education affordable, by fostering innovation and job creation, and providing economic security to retirees through medicare and social security, our country went from a paralyzing great depression to an economic superpower. we were able to accomplish such a drastic transformation because we were willing to consider revenue as a way to invest in the future, as a way to promise security to our seniors -- economic security to our seniors. focusing spending on policies that work and balancing revenue is at the core of this debate. i've made tough choices in the 1990's that balance the budget, generated a surplus and supported robust job creation. in january of 1993, unemployment stood at 7.3%. in january 2001, that rate had been reduced to 3.9%. that period of record growth also saw an important decline in the poverty rate. in 1993, 15.1% of americans were in poverty. but thanks to job growth and an expanding economy, based upon a balanced approach to deficit reduction, including revenue and targeted reduction in expenditures, poverty fell to 11.3%
the dialogue as ago for to create jobs, innovation and america across all the spectrum. thank you. the committee now stands in adjourned. [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> [inaudible conversations] >> you are watching c-span2 with politics and public affairs, we case featuring live coverage of the u.s. senate. on weeknights watch key public policy vince. every weekend the latest nonfiction authors and books on booktv. you can see past programs and get our schedules at our website, and you can join in the conversation on social media sites. >> the u.s. senate is about to gavel in for the day. lawmakers are expected to continue working a bill even with deposit insurance coverage. we could also hear more farewell speeches on the floor today from retiring senators. and now live coverage of the senate here on c-span2. the presiding officer: the senate will come to order. the chaplain, dr. barry black, will lead the senate in prayer. the chaplain: let us pray. eternal spirit, give this day to our senators hope that survives after ta
of a testament to america's shipbuilding prowess. they are a critical tool for the united states, for our economic security and national security when it documents arctic. you see the ice breakers mean jobs to washington state and that's why in this final package the importance of these ships, these ice breakers, the polar sea was in danger of being scrapped. there is no denying that we need to build a new icebreaker fleet for the future and for our navy arctic mission. but these specialized vessels will take up to ten years to build. so in the meantime, we want to make sure that u.s. companies can continue to do business and keep the arctic operational and running, and so it's very fitting that the icebreakers that work fine now are not dismantled. so this legislation prevents them from being scrapped and helps us have the resources that we need to serve interests in the arctic. this bill stipulates that we won't junk our current icebreakers, and it's more cost-effective to keep them, and it will make sure that they stay seaworthy so that the crews don't go out on faulty equipment. these
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